MAGNITE, INC. — Form 10-Q
Filed August 5, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 38/100
What the filing says
David Day, CFO of Magnite Inc., signed a transition agreement dated April 17, 2026, to retire. He will serve as CFO through September 30, 2026 (or until a successor is hired, no later than December 31, 2026), then as Advisor to CEO through May 31, 2027. During transition, Day receives base salary (reduced to $36,000 annually during advisor phase starting October 1, 2026), continued health/benefit participation, 2026 bonus eligibility, equity vesting through May 31, 2027, and extended stock option exercise period to August 31, 2028. The prior Executive Severance Agreement is superseded. No successor CFO is named in this filing.
Why this rating
CFO departure is notable but orderly transition planned over 13 months; no successor identified yet creates near-term execution risk, but magnitude modest relative to $2B company scale.
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